Market watch: Gold prices dip, EGX sees mixed results on Monday

Ahram Online , Monday 5 Jun 2023

Monday saw a decline in gold prices to EGP 2,320 per gram, and the Egyptian stock market had a mixed day, with the benchmark ending in negative territory.

AI generated photo showing gold coins and USD notes. Photo: DALL E 2 by Open AI.


Gold prices

  • The price of 24-carat gold dropped by EGP 17 to EGP 2,651.5 per gram.
  • The price of 21-carat gold fell by EGP 15 per gram to reach EGP 2,320.
  • The price of 18-carat gold fell by EGP 13 to EGP 1,988.5 per gram.
  • The price of a gold pound dropped by EGP 120 from Sunday's price to reach EGP 18,560 on Monday.

*Prices reflect updates recorded by midday.

Stock market

  • EGX30 fell 0.63 percent and closed at 17345.9 points.
  • EGX70 rose 2.04 percent and closed at 3,461.23 points.
  • EGX100 rose 1.28 percent to 5,113.41 points.
  • Market cap ended at EGP 1.129 trillion on Monday, down EGP 6 billion from Sunday's EGP 1.135 trillion.
  • Top gainer was Beltone Financial Holding rising for the second consecutive session at 19.93 percent and closing at EGP 3.31.
  • Top loser was Delta Construction & Rebuilding falling by 17.65 percent and closing at EGP 17.36.


  • The official market's buying price for the dollar is EGP 30.84, and the selling price is EGP 30.95, with no major fluctuations.
  • The euro fell slightly to EGP 33 for buying and EGP 33.15 for selling.
  • The Saudi riyal's buying price is EGP 8.22, and the selling price is EGP 8.25, with no major changes.

*Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Stock Exchange, and iSagha.

Short link: